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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (16634)8/24/2001 11:05:00 AM
From: donald sew  Read Replies (2) of 52237
 
With the NDX up 53 points, the minimum requirement of the CLASS 1 SIGNALs have been fulfilled.

Also, the NAZ/NDX completed a successful 3-DAY PATTERN, where we got the UP-FLAT-UP pattern.

Now we need to watch the FRIDAY-MONDAY effect. If the NAZ/NDX keeps the majority of the intraday gains by the close, then the probability is high that MONDAY is either UP or FLAT.

Now, I would not get overly bullish since, right now with the NDX up 53 I already have UPPER MIDRANGE/BORDERLINE OVERBOUGHT readings. If the NDX was to continue straight up after today, I would get CLASS 1 SELL signals in about 2 DAYs.
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